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normally when you apply for a credit card two things happen you either get approved or you get denied when you get approved there's not much else you can really do unless you're not happy with like the credit limit you got or maybe the annual fees too much for you down the road then you guys can do other things which i have made videos on right here but in terms of what you guys can do if you get denied for credit cards i'm gonna be sharing with you guys what you guys can do then now if you're someone who has like a 500 score like a 450 score please don't think this is going to work for you i think if you actually get denied for a credit card sometimes it's a good thing because they're kind of looking out for your best interest as well too if you have like 20 000 worth of debt you have a 500 credit score and you're looking to apply for more credit cards is it smart to just keep burying that hole i really don't think so and although we know that the credit card systems are profiting a lot off of the users as well i believe if you're getting denied because you have a lot of debt overall like in the broader scheme of things that might actually be beneficial for you so if you're someone that has a really low score the first thing you guys need to do is just focus on paying off that debt or being able to move that balance over somewhere else where it won't affect your personal score i've mentioned this quite a bit of times on my channel there are other ways you guys can actually go about these things but generally you can't get rid of debt i mean there are repercussions if you try to go bankrupt and stuff like you can't apply for credit cards at all the one thing you guys need to do is just focus on paying that off i've made a ton of videos on what you guys can do if you have credit card debt so that's the first thing i'll focus on but say you're someone that has a good credit score say you have like a 720 credit score but they still denied you this is the video that's gonna help you guys out quite a bit okay so if you guys are looking to get approved for any credit cards first thing you need to do is actually prepare what you're gonna do is call a reconsideration line and fbz elite made a great post just having all the phone numbers and contact information for different credit card issuers you want to call the reconsideration line and the reason why is because this is a place where a call representative actually has the power to really reverse the decision that was made on a denial so they can right there immediately approve you for any credit card so i'm going to be going in depth on what you guys can do to better your chances to actually get that decision reapproved first things first before you call them guys please be polite please be honest but in my opinion you should always be honest regardless of what you're doing i think that's just a strong virtue that's going to go a long way build a relationship with the customer rep you're going to talk to because customer reps deal with a lot of bs and if you're able to differentiate yourself just a little bit if you're able to just show them like hey you're not one of them a-holes out there then i think this is gonna go a long way in terms of you guys having a better chance of getting that credit card approval now on top of that another thing you guys should do is prepare documents prepare information and know what your score is a lot of people go into these calls that have no idea when they open their last credit card what their credit score is and just the information that they should have in terms of what their credit history is like if i ever had a derogatory mark like two years ago then i want to be able to explain to them like hey this happened just because you know i was a student and you know i got robbed or something and it was just like a tough time in my life so you'll see like a derogatory mark on this day and that's why it happened or my credit score right now is like 690. it used to be 720 but it dropped for x amount of reasons you guys should know exactly all your personal information before you even get into this call don't be stumbling around don't be not knowing exactly what you should be telling them just have it all prepared it's going to make the call go a lot smoother and at the end of the day it's just going to be more beneficial for you now another thing you guys should do is whatever cards you're applying for and that you got denied for if you get denied is that you should know the card's benefits one of the things you need to avoid is don't talk about the signup bonus i recommend avoiding talking about that signup bonus i think you guys should focus more on the benefits and how this credit card is going to benefit you and there are gonna be situations where you know they're gonna see that you have like eight cards open with them in total and i would just be honest it doesn't hurt to be honest because they have heard so many stories you guys i would tell them look i have eight credit cards with you guys right now because i understand the benefits of credit cards they actually helped me a lot in terms of the rewards and the category cashbacks and i want to maximize this to the full potential i'm bringing you guys a lot of business every time i use these credit cards i personally like you over like ex competitors so if i'm talking to like city or capital one i'm probably gonna be like yeah i like you way better than capital one they always increase my interest rate and i just prefer using your cards over there i feel like just things like that actually help with the conversation as well especially when you bring in another credit card issuer so usually just from that call a lot of people i know were able to reverse the decision made but one of the things is some things you guys cannot change at all like if you're over 524 and then you apply for a card and you know that you're over it then obviously you're gonna get denied so before you even go through that process there are ways you guys can get around rules 524 rules have things called like the backdoor offers so if you guys go to like the just for you offers tab on your chase ultimate reward portal that actually bypasses rules like that and there are other things like getting business cards that bypass that rule so there are ways that you guys can do it i just would not set yourself up for failure and then just like going crazy on the phone like why did i get denied when obviously you should have gotten denied in the first place just be prepared now say you got a good rep say you do all those things and you tell them your reason and they still deny you what you guys can do next is just hang up and call again i know this is just like common sense but a lot of people don't realize this you can hang up and call again and talk to a different representative before you leave that call i'll just tell them look i have to run for an emergency right now or there's something i need to do or maybe i'll just call back on another day and just hang up and literally call back again doing that is actually gonna help your chances to reverse that decision if you get a good rep maybe she's in a really good mood like i said all it takes is one click of a button just to get you guys approved now if you hang up and call again you do that four or five times and you're still denied every time at that point i probably wouldn't keep pushing it at that point i would reconsider what went wrong is it my score is it how many cards i have and then make a pivot and decide what i'm gonna do after i know that information if my credit score is just too low i'm gonna focus on paying off that debt for a month or two if my income is too low i'm gonna figure out how i can pick up another side hustle to bring my income up or i'll go into a different credit card issuer and get another card there are so many credit cards out there you guys there's so many different options so i wouldn't just get focused on one card if you can't get accepted for that one card for whatever reason it is just move on get another card and then apply again in the future when your stats are a little bit better when you're out of 524 and then you can get all the cards you're looking for but honestly i want to freak out over denial everyone gets denied i get denied by the ladies like 10 times a day okay this is just something that's very common so if you get denied what you do is you move on you pick up the bag you understand where you went wrong and you just move on i hope and i'm not kidding i get denied by girls so often you guys oh it's so sad whoa get denied i don't know what it is i think um i think i'm just too weird honestly i think i'm just i just come off too weird sometimes all right but yeah guys um sorry that was a little bit of tangible but yeah guys that was basically a video on what you guys can do if you get denied for a credit card how you guys can improve your chances on getting accepted now if you guys enjoyed this video make sure you guys drop a thumbs up this really helps out the channel and my question to you guys is what has worked the best for you have you used reconsideration before or have you ever not used reconsideration before i want to see what the pull is or the statistics on what that is but in the meantime if you guys want to support this channel a very easy way to do that is to actually check out the cards in the description if you guys check out like some of my credit card best offers that's something you guys can do and i also have a tab on my website where you guys can check that out to support this channel make sure you guys check out the advertiser's disclosure on that i do receive a small commission whenever someone clicks on those links but if you do want to support that's really the easiest way to support without having to lose anything at all two more messages join our facebook group if you guys haven't already we're at 5000 plus members our goal is to hit 10 000 members and then take over the world and if you guys are interested in actually doing a real life meet up we're going to do something in austin texas this is collaborated with fbz elite they were actually kind enough to give me a 50 off coupon if you guys use coupon code bjlovescredit at checkout on fbzelitsummit.com make sure you guys rsvp there tickets will sell out so don't miss out on this opportunity i will be speaking there and i think it's just a great time for me to meet all of you guys all the viewers here so if you guys are interested in anything like that make sure you guys check that out i will have everything listed down below in the description but if you guys did enjoy this video i hope you guys stick around for the next one because i'll see you then peace [Music]